CRT CONSTRUCTION: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CRT CONSTRUCTION
Largest movements
- Tangible fixed assets -€190,768
down €190,768 (-9.2%), from €2.1m to €1.9m
of which Leasing and similar rights: -€120,865
- Receivables within one year +€86,949
up €86,949 (+24.9%), from €349,488 to €436,437
of which Other amounts receivable: +€85,335
- Stocks and contracts -€64,000
down €64,000 (-86.5%), from €74,000 to €10,000
- Debts after one year -€130,147
down €130,147 (-14.6%), from €889,083 to €758,936
- Reserves +€126,838
up €126,838 (+47.4%), from €267,865 to €394,703
of which Distributable reserves: +€136,212
- Contributions -€73,744
down €73,744 (-78.7%), from €93,744 to €20,000
- Trade debts -€61,421
down €61,421 (-16.7%), from €367,942 to €306,521
- Tax, wage and social debts -€28,794
down €28,794 (-69.4%), from €41,478 to €12,684
of which Remuneration and social security: -€39,039
- Staff costs -€440,771
down €440,771 (-77.7%), from €567,319 to €126,548
- Gross operating margin -€273,796
down €273,796 (-32.3%), from €847,099 to €573,303
- Depreciation +€53,478
up €53,478 (+31.4%), from €170,160 to €223,638
- Other operating charges +€14,837
up €14,837 (+87.1%), from €17,033 to €31,870
- Taxes +€10,420
up €10,420 (+427.4%), from €2,438 to €12,858
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,598,939 | €2,411,569 | -€187,370 | -7.2% |
| Fixed assets | 21/28 | €2,121,282 | €1,929,014 | -€192,268 | -9.1% |
| Tangible fixed assets | 22/27 | €2,068,621 | €1,877,853 | -€190,768 | -9.2% |
| Land and buildings | 22 | €1,566,410 | €1,486,975 | -€79,435 | -5.1% |
| Plant, machinery and equipment | 23 | €45,198 | €30,856 | -€14,342 | -31.7% |
| Furniture and vehicles | 24 | €13,012 | €27,886 | +€14,874 | +114.3% |
| Leasing and similar rights | 25 | €444,001 | €323,136 | -€120,865 | -27.2% |
| Other tangible fixed assets | 26 | - | €9,000 | +€9,000 | |
| Financial fixed assets | 28 | €52,661 | €51,161 | -€1,500 | -2.8% |
| Current assets | 29/58 | €477,657 | €482,555 | +€4,898 | +1.0% |
| Stocks and contracts in progress | 3 | €74,000 | €10,000 | -€64,000 | -86.5% |
| Stocks | 30/36 | €74,000 | €10,000 | -€64,000 | -86.5% |
| Amounts receivable within one year | 40/41 | €349,488 | €436,437 | +€86,949 | +24.9% |
| Trade receivables | 40 | €199,675 | €201,289 | +€1,614 | +0.8% |
| Other amounts receivable | 41 | €149,813 | €235,148 | +€85,335 | +57.0% |
| Cash at bank and in hand | 54/58 | €45,112 | €26,244 | -€18,868 | -41.8% |
| Deferred charges and accrued income | 490/1 | €9,057 | €9,874 | +€817 | +9.0% |
| Total equity and liabilities | 10/49 | €2,598,939 | €2,411,569 | -€187,370 | -7.2% |
| Equity | 10/15 | €705,566 | €748,281 | +€42,715 | +6.1% |
| Contributions | 10/11 | €93,744 | €20,000 | -€73,744 | -78.7% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €267,865 | €394,703 | +€126,838 | +47.4% |
| Non-distributable reserves | 130/1 | €9,374 | - | -€9,374 | |
| Reserves not available under the articles | 1311 | €9,374 | - | -€9,374 | |
| Distributable reserves | 133 | €258,491 | €394,703 | +€136,212 | +52.7% |
| Investment grants | 15 | €143,957 | €133,578 | -€10,379 | -7.2% |
| Amounts payable | 17/49 | €1,893,373 | €1,663,288 | -€230,085 | -12.2% |
| Amounts payable after more than one year | 17 | €889,083 | €758,936 | -€130,147 | -14.6% |
| Financial debts | 170/4 | €889,083 | €758,936 | -€130,147 | -14.6% |
| Amounts payable within one year | 42/48 | €1,004,290 | €904,352 | -€99,938 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €121,352 | €130,147 | +€8,795 | +7.2% |
| Financial debts | 43 | €455,000 | €455,000 | = | 0.0% |
| Credit institutions | 430/8 | €455,000 | €455,000 | = | 0.0% |
| Trade debts | 44 | €367,942 | €306,521 | -€61,421 | -16.7% |
| Suppliers | 440/4 | €367,942 | €306,521 | -€61,421 | -16.7% |
| Taxes, remuneration and social security | 45 | €41,478 | €12,684 | -€28,794 | -69.4% |
| Taxes | 450/3 | €2,439 | €12,684 | +€10,245 | +420.0% |
| Remuneration and social security | 454/9 | €39,039 | - | -€39,039 | |
| Other amounts payable | 47/48 | €18,518 | - | -€18,518 | |
| Non-recurring operating income | 76A | €5,150 | - | -€5,150 | |
| Remuneration, social security and pensions | 62 | €567,319 | €126,548 | -€440,771 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,160 | €223,638 | +€53,478 | +31.4% |
| Other operating charges | 640/8 | €17,033 | €31,870 | +€14,837 | +87.1% |
| Gross operating margin | 9900 | €847,099 | €573,303 | -€273,796 | -32.3% |
| Operating profit (loss) | 9901 | €92,587 | €191,247 | +€98,660 | +106.6% |
| Financial income | 75/76B | €10,379 | €10,379 | = | 0.0% |
| Recurring financial income | 75 | €10,379 | €10,379 | = | 0.0% |
| Financial charges | 65/66B | €70,334 | €61,930 | -€8,404 | -11.9% |
| Recurring financial charges | 65 | €70,334 | €61,930 | -€8,404 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €32,632 | €139,696 | +€107,064 | +328.1% |
| Income taxes | 67/77 | €2,438 | €12,858 | +€10,420 | +427.4% |
| Profit (loss) for the period | 9904 | €30,194 | €126,838 | +€96,644 | +320.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,194 | €126,838 | +€96,644 | +320.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.